NRG Energy, Inc. (NYSE:NRG) Shares Sold by Seascape Capital Management

Seascape Capital Management lessened its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,141 shares of the utilities provider's stock after selling 9,557 shares during the period. NRG Energy comprises about 2.0% of Seascape Capital Management's holdings, making the stock its 8th largest holding. Seascape Capital Management's holdings in NRG Energy were worth $5,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Banco Santander S.A. grew its stake in shares of NRG Energy by 0.3% in the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after buying an additional 7,500 shares during the last quarter. Northern Trust Corp boosted its stake in NRG Energy by 16.1% in the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after purchasing an additional 316,445 shares in the last quarter. Appaloosa LP grew its position in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after purchasing an additional 815,180 shares during the last quarter. Russell Investments Group Ltd. increased its stake in NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after purchasing an additional 56,944 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of NRG Energy by 3.1% in the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after buying an additional 41,094 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Up 2.1%

NRG Energy stock traded up $3.21 during midday trading on Friday, hitting $158.75. The stock had a trading volume of 2,106,109 shares, compared to its average volume of 2,984,594. The business has a fifty day moving average price of $147.49 and a 200 day moving average price of $115.66. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $168.57. The stock has a market cap of $31.04 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.26 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating the consensus estimate of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The business's quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 earnings per share. Research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.11%. NRG Energy's payout ratio is 28.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NRG shares. Wells Fargo & Company increased their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wall Street Zen upgraded NRG Energy from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $151.80.

Insiders Place Their Bets

In related news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the sale, the director directly owned 55,427 shares in the company, valued at $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.